Indian Oil Corporation said that it has entered into a memorandum of understanding (MoU) with Rashtriya Ispat Nigam (RINL) for supplying of hydraulic and lubricating oils & greases for a period of 5 years from 2024 to 2029.
This MOU will benefit Vizag Steel Plant (VSP) to ensure uninterrupted and continuous supply of lubricants from IOCL to meet the RINLs requirements.
IOCL will provide technical support to RINL, Visakhapatnam steel plant in the field of lubrication, condition monitoring of critical and large hydraulic and lube systems, total bulk oil handling, and used oil management.
